Sr Project Cost Analyst
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Join the PECO team, and be a part of one of the nation's oldest and largest utility companies. We serve the Greater Philadelphia region with approximately 1. 6 million electric customers and 501,000 natural gas customers. Headquartered in Philadelphia, PECO is committed of the communities we serve. By joining our innovative team, you will help us more efficiently operate our system and provide new products and services to our customers.
The Project Controls Department supports the effective and efficient management of large centrally managed projects by providing the following functions: Project Cost monitoring and control, Project Scheduling, and Project Estimating.
PRIMARY PURPOSE OF POSITION
Provide project controls cost engineering support to Directors, Manager of Projects, Project Managers, contractors and other key team members. Develop and monitor the annual budgets, actual and forecasted costs, and Long Range Plans for transmission, substation, distribution, and gas (PECO and BGE) projects and programs. Utilize multiple existing Exelon systems to support current and future work with respect to budgeting, financial forecasting, actual cost tracking, project authorization, work management, contracts, and material tracking. Provide broad analytical and operational support to the business unit. Prepare comprehensive reports to support business operations including reauthorization risk, forecast accuracy by Project Managers, program and department, CIAC forecast and analysis, contingency released and remaining, and others as requested.
Utilize WPT to create PAR forms, ITN
s, Project IDs, and update financial plan types. Coordinate project authorization process including updating decks for all centrally managed projects. Schedule and run monthly project status calls. Track and manage In-Service Dates and Project Aging PIs.
Position may be required to work extended hours, including 24 x 7 coverage during storms or other energy delivery emergencies.
PRIMARY DUTIES AND ACCOUNTABILITIES (means principal, main, major or most important duties / accountabilities that the employee performs)
The following duties and accountabilities are those typically performed by the business analyst job family in Energy Delivery. The specific duties, accountabilities and percentage of time may vary depending on the department and/or functional area needs. If appropriate, a specific departmental position description may by developed and kept by the departmental manager with a specific list of duties and accountabilities for this position.
1 Manage project forecasting, accrual, and status process. Attend required meetings and reach out to project stakeholders for detailed project information. Identify project/program budget, forecast, and authorization issues early and assist in developing resolutions to meet project metrics. 25%
2 Assist in the development and continued monitoring of the budgets and LRPs for transmission, sub-station, distribution, and gas (PECO and BGE) projects and programs. Monitor, track, and report project budgets, forecasts, accruals, and actuals 20%
3 Manage project and program financial risks and opportunities and provide detailed analysis of variances to budget, quarterly plan, and month over month variance analysis. Support project management at resulting financial challenge meetings. 15%
4 Develop, organize, and present project and program performance reports for both internal and external use. 10%
5 Schedule and facilitate monthly forecasting and accrual meetings and prepare monthly project accruals and journal entries for project manager review and submittal to Finance department before submittal to Finance group, reporting variances and issues to both the project management and project controls leadership. 10%
6 Analyze project actual and forecast data accuracy to ensure compliance with annual internal and external Sarbanes Oxley Audits. 10%
7 Manage the vendor forecasting process which is used as a source of input for both forecasting and accruals by Project Controls. 5%
8 Provide support to Project Managers for presentations and forms required for project authorization. 5%
Academic/Formal Training: Bachelor
s degree in Business or Technical Field.
Job Related/Experience: 5 - 8 years related experience, or in lieu of Bachelor
s degree, a minimum of 9 - 12 years relevent business experience is required.
Specialized Skills, Knowledge, License Requirements/Registrations, Etc. :
Comprehensive understanding of applicable standards, methods, processes and practices, business fundamentals, and performance metrics in the specific functional area supported by this position (e. g. , asset management, electric or gas operations, customer service, transmission and substation, distribution system operations, regulatory and external affairs, transmission operations and planning).
Ability to provide in-depth analysis and apply forecasting, analytical and statistical problem solving, financial, accounting, and budget analysis.
Demonstrated strong analytical skills for project financial evaluation and risk identification and mitigation.
Customer driven with strong oral and written communications skills and strong analytical, problem solving and project management skills.
Comprehensive knowledge of the financial / cost analyst practices, procedures and principles of performance analysis (trending, root cause and gap analysis) benchmarking and audit compliance.
Ability to analyze organizational data and complex problems, interpret and recommend alternative courses of action, and implement intervention strategies to attain performance targets.
Demonstrated strong analytical skills for project evaluation including analysis of complex projects with economic, financial, risk and decision analysis.
Financial advanced degree.
5-8 years project cost tracking experience in electric / gas transmission, distribution, and substation industry
Advanced proficiency in standard software applications (e. g. , Microsoft Word, Excel, Access, PowerPoint, Project), specialized business technologies and applications (e. g. , , project management, WPT, Asset Suite 8, , CIS, EPS, , forecasting, ) to retrieve and analyze data in support of business needs
Proficient in business case development and ability to effectively present business cases to business unit leadership.
Based on experience this job can be hired as a Senior Project Cost Analyst (E03) or Projects Cost Analyst (E02)
Exelon is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.
VEVRAA Federal Contractor